Capstone Turbine Shares Rising After Ecopetrol Deal Announced

Date : 11/18/2019 @ 4:45PM
Source : Dow Jones News
Stock : Ecopetrol SA (EC)
Quote : 19.31  0.47 (2.49%) @ 3:37PM

Capstone Turbine Shares Rising After Ecopetrol Deal Announced

Capstone Turbine (NASDAQ:CPST)
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1 Month : From Nov 2019 to Dec 2019

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   By Stephen Nakrosis 
 

Shares of Capstone Turbine Corp. (CPST) are trading higher on the Nasdaq Monday, after the company said it secured a "significant" project with Colombian state energy company Ecopetrol SA (EC).

At 11:07 a.m. EST, Capstone shares had risen 18.68% to trade at $3.05. Volume topped 367,000 shares, above the stock's 65-day average volume of 136,270. Year to date, shares of the mocriturbine manufacturer are down 49%.

Before the bell Monday, Capstone said it "secured its first-ever flare gas project in Colombia with Ecopetrol." The company said the 1-MW project is slated to be commissioned by the end of the year.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 18, 2019 11:30 ET (16:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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